Key Points From the Interview
oni Kononova bought an interesting business:
Ghostwriting & editing for people who want to self-publish a book.
Clients include authors who want to be the next J.K. Rowling, to older folks recording their lives in the form of a memoir, to convicted criminals in prison.
It was a fully-remote business and a relatively small one.
But Toni saw this as an opportunity to take the skills she's developed in Silicon Valley (she worked at Google when she bought the business) and make an underperforming business grow.
Buying small also meant less risk, which was attractive to Toni.
As you'll hear, this was NOT an all-in acquisition.
At $500k, it was certainly big enough to matter, but not so big that it would mean financial ruin if it didn't work out.
This is not the full-time searcher expecting to go full-time in their acquisition, and I think you'll appreciate hearing this different approach.
Enjoy my conversation with Toni Kononova of Write My Wrongs:
August Felker is a 2-time successful searcher — first with a traditional search fund; the second time around, he did a self-funded search.
Today August runs Oberle Risk Strategies, an insurance firm with a dedicated practice group for searchers and acquisition entrepreneurs like you.
If you've got a business under LOI, Oberle will provide complimentary due diligence on that business's insurance and benefits program. A great, no-risk way to get to know August & team.
They love helping searchers; they've worked with hundreds. Oberle is a specialty insurance brokerage for searchers, by a former searcher.
Check out the Search Fund Team at Oberle.